Lifetime Brands, Inc. (NASDAQ:LCUT) reported on Thursday that its Q4 net income surged over doubled, helped by a current acquisition, and the appliance and housewares firm lifted its dividend 25%.
Lifetime Brands’ products comprise knives beneath the Cuisinart, KitchenAid and Faberware brands and Mikasa plates and glasses.
Lifetime Brands Inc. declared on Thursday that it generated $15.2M, or $1.19 a share for the October-December quarter. That’s increased sharply from $5.4M, or 43 cents a share, the year ago. Revenue increased 13%, to $154.8M from $137.6M.
The profit increased 48% to $20.9M, or $1.64 per share, for all of 2012. Revenue rose 10%, to $486.8 million.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Newell Rubbermaid Inc. (NYSE:NWL) rose +1.93%, The Clorox Company (NYSE:CLX) edged up +0.01%, Jarden Corp (NYSE:JAH) which also increased +0.19% and Libbey Inc. (NYSE:LBY) closed up +1.89%.
Lifetime Brands, Inc. (NASDAQ:LCUT) stock’s trade at beginning with a price of $11.27 and throughout the trading session climbed at a high of $12.19 other than when day-trade ended the stock finally advanced +9.34% to $12.06.
The stock is going forward its 52 week low with 34.28% and lagging behind from its 52 week high price with -8.83%. LCUT last month stock price volatility remained 2.86%.
LCUT stock institutional ownership remained 48.28% while insider ownership included 12.79%. In its share capital LCUT has 12.57 million outstanding shares among them 9.70 million shares have been floated in market exchange.
Company’s beta coefficient included 1.97. Beta factors measures the amount of market risk associated with market trade.
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